Pennant Reports Third Quarter 2026 Results
Key Highlights
- ➤Revenue $302.3M, up 32.0% year over year
- ➤Net income $9.6M, up 58.5% year over year
- ➤Adjusted EBITDA $24.7M, up 42.4% year over year
- ➤Home health and hospice revenue $239.8M, up 38.2% year over year
- ➤Senior living occupancy fell 250 basis points to 78.4%
Expert Statements
Brent Guerisoli, Chief Executive Officer of The Pennant Group
“Pennant delivered a solid quarter and strong year-over-year improvement across the organization. Our third quarter results are consistent with our full-year guidance and put us on track for a successful conclusion to the year. We continue to drive forward on our five key initiatives: leadership development, clinical excellence, margin, growth and employee experience. Our multi-year emphasis on developing great leaders has positioned us well to unlock significant upside across our portfolio.”
John Gochnour, Chief Operating Officer of The Pennant Group
“Over the last two years, we have added 75 home health and hospice locations and 16 senior living communities to our organization. Each of these additions was carefully selected based on its considerable long-term potential and we expect them to positively impact the organization and local communities for years to come. As we have grown, we have made significant investments in operational leaders, service center support and enhanced infrastructure. These investments have improved us as an organization and have allowed us to effectively transition a large number of acquisitions while simultaneously improving results at our same store operations.”
EAGLE, Idaho, Nov. 04, 2026 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced its operating results, reporting GAAP diluted earnings per share of $0.26 for the third quarter of 2026. Pennant also reported adjusted diluted earnings per share of $0.35 for the quarter((1)).
Third Quarter Highlights * Total revenue for the third quarter was $302.3 million, an increase of $73.2 million or 32.0% over the prior year quarter; * Net income for the third quarter was $9.6 million, an increase of $3.6 million or 58.5% over the prior year quarter; * Adjusted net income for the third quarter was $12.7 million, an increase of $2.2 million or 21.6% over the prior year quarter; * Consolidated Adjusted EBITDAR for the third quarter was $38.4 million, an increase of $9.1 million or 31.1% over the prior year quarter; * Consolidated Adjusted EBITDA for the third quarter was $24.7 million, an increase of $7.4 million or 42.4% over the prior year quarter; * Consolidated Adjusted EBITDA prior to NCI for the third quarter was $26.1 million, an increase of $8.0 million or 44.0% over the prior year quarter; * Home Health and Hospice Services segment revenue for the third quarter was $239.8 million, an increase of $66.2 million or 38.2% over the prior year quarter; * Home Health and Hospice Services segment adjusted EBITDAR from operations for the third quarter was $41.4 million, an increase of $12.3 million or 42.3% over the prior year quarter; segment adjusted EBITDA from operations for the third quarter was $38.1 million, an increase of $11.3 million or 42.0% over the prior year quarter; and segment adjusted EBITDA from operations prior to NCI for the third quarter was $39.5 million, an increase of $11.9 million or 43.0% over the prior year quarter; * Total home health admissions for the third quarter were 28,479, an increase of 8,053 or 39.4% over the prior year quarter; same store home health admissions for the third quarter were 17,825, an increase of 1,319 or 8.0% over the prior year quarter; total Medicare home health admissions for the third quarter were 11,347, an increase of 3,126 or 38.0% over the prior year quarter; same store Medicare home health admissions for the third quarter were 7,383, an increase of 791 or 12.0% over the prior year quarter; * Hospice average daily census for the third quarter was 5,443, an increase of 1,399 or 34.6% compared to the prior year quarter; same store hospice average daily census for the third quarter was 4,164, an increase of 478 or 13.0% compared to the prior year quarter; * Senior Living Services segment revenue for the third quarter was $62.4 million, an increase of $7.0 million or 12.6% over the prior year quarter; average occupancy for the third quarter was 78.4%, a decrease of 250 basis points over the prior year quarter, same store average occupancy for the third quarter was 81.2%, a decrease of 60 basis points over the prior year quarter, average monthly revenue per occupied room for the third quarter was $5,385, an increase of $190 or 3.7% over the prior year quarter, and same store average monthly revenue per occupied room for the third quarter was $5,370, an increase of $234 or 4.6% over the prior year quarter; * Senior Living segment adjusted EBITDAR from operations for the third quarter was $16.2 million, an increase of $0.9 million or 5.7% over the prior year quarter; and segment adjusted EBITDA from operations for the third quarter was $5.7 million, an increase of $0.2 million or 3.0% over the prior year quarter.
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